Norway Oilfield Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The market is segmented by Equipment Type (Drilling Equipment, Production Equipment, and Other Equipment Types)

Norway Oilfield Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Norway Oilfield Equipment Market Size

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Norway Oil Fields Equipment Market Graph.png
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 2.00 %
Market Concentration Medium

Major Players

Norway Oilfield Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Norway Oilfield Equipment Market Analysis

The Norway Oilfield Equipment Market is expected to register a CAGR of greater than 2% during the forecast period.

  • The drilling equipment segment is expected to dominate the market in the forecast period. Norway has a high number of drilling activities, and it is likely to grow in the near future due to a surge in investment in offshore activity.
  • The increasing oil and gas discoveries in the deepwater and ultra-deepwater in the North Sea regions like Norway and the United Kingdom are expected to create a significant opportunity for the market players during the forecast period.
  • Increased investment in oil & gas exploration and production in the country, coupled with increased demand from the nearing countries due to Russia and Ukraine conflict, is expected to boost the demand for oil field equipment in the country during the forecast period.

Norway Oilfield Equipment Industry Overview

The Norway oil fields equipment market is highly fragmented. Some of the key players in the market include Weatherford, International PLC, Schlumberger Limited, Baker Hughes Company, Halliburton Company, and TechnipFMC plc.

Norway Oilfield Equipment Market Leaders

  1. Weatherford International PLC

  2. Schlumberger Limited

  3. Baker Hughes Company

  4. Halliburton Company

  5. TechnipFMC plc

  6. *Disclaimer: Major Players sorted in no particular order
Norway Oil Fields Equipment Market Graph CP.png
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Norway Oilfield Equipment Market News

  • In August 2022, Aker Solutions received a contract from Aker BP. Under this contract, the company would assist in developing Trell & Trine offshore discoveries located in the Alvheim area of the North Sea, off Norway. The work is expected to be completed by 2024.
  • In December 2021, Equinor to drill 25 exploration wells offshore Norway by 2023. Further, the company aims to drill around 10 to 13 exploration wells by the end of 2022. The exploration would cost in the range of USD 300 million to USD 400 million.

Norway Oilfield Equipment Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD million, till 2025
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Equipment Type
    • 5.1.1 Drilling Equipment
    • 5.1.2 Production Equipment
    • 5.1.3 Other Equipment Types

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Weatherford International PLC
    • 6.3.2 Schlumberger Limited
    • 6.3.3 Baker Hughes Company
    • 6.3.4 Halliburton Company
    • 6.3.5 TechnipFMC plc
    • 6.3.6 Aker Solutions ASA
    • 6.3.7 ENI
    • 6.3.8 National Oilwell Varco Incorporated
    • 6.3.9 Abbot Group
    • 6.3.10 Stabil Drill
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Norway Oilfield Equipment Industry Segmentation

The Scope of the Norway Oil Fields Equipment Market includes:-

Equipment Type Drilling Equipment
Production Equipment
Other Equipment Types
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Norway Oilfield Equipment Market Research FAQs

What is the current Norway Oilfield Equipment Market size?

The Norway Oilfield Equipment Market is projected to register a CAGR of greater than 2% during the forecast period (2025-2030)

Who are the key players in Norway Oilfield Equipment Market?

Weatherford International PLC, Schlumberger Limited, Baker Hughes Company, Halliburton Company and TechnipFMC plc are the major companies operating in the Norway Oilfield Equipment Market.

What years does this Norway Oilfield Equipment Market cover?

The report covers the Norway Oilfield Equipment Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Norway Oilfield Equipment Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Norway Oilfield Equipment Industry Report

Statistics for the 2025 Norway Oilfield Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Norway Oilfield Equipment analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.